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Collegium Says Appeals Court Upholds PTAB's Finding Of Invalidity Of Purdue's 961 Patent Claim
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(RTTNews) - Collegium Pharmaceutical, Inc. (COLL) announced Monday that the U.S. Court of Appeals for the Federal Circuit has upheld the judgment of the Patent Trial and Appeal Board (PTAB) in its final decision that Purdue's '961 patent, which Purdue Pharma L.P. has claimed is infringed by Xtampza ER, is invalid.
The Federal Circuit's decision affirming the invalidity of Purdue's '961 patent confirms both that the PTAB had statutory authority to issue its final decision, and that the PTAB did correctly conclude that the '961 patent was invalid.
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Collegium Pharma Partners With Hikma For Authorized Generics Of Nucynta In US
Specialty pharmaceutical company Collegium Pharmaceutical, Inc. (COLL) announced Monday it has entered into an authorized generic agreement with Hikma Pharmaceuticals USA Inc., pursuant to which Hikma will have the exclusive right to sell the authorized generic versions of Nucynta and Nucynta ER in the United States.
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Sensex, Nifty Give Up Early Gains; IT And Pharma Stocks Drag
Indian shares were little changed on Monday, giving up some early gains, with rising trade tensions with the U.S., mixed earnings results and continued foreign fund outflows keeping investors on edge.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
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Sensex, Nifty Seen Tad Higher At Open
Indian shares look set to open on a positive note Monday after two consecutive sessions of losses.
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Thai Stock Market Expected To Open In The Red Again On Monday
The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
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Indonesia Bourse May Turn Lower Again On Monday
The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
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Japanese Market Sharply Lower; Down 2%
The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
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